A Fear So Great ... Those who are money mad fear the loss of jobs to automation. Since they can only perceive the three ways of acquiring money tokens : trade, charity or predation, they cannot conceive of the fourth way which leads to prosperity. Prosperity is not based on wealth, nor money. Poverty is not eliminated by sharing wealth. If it did, then let us give everyone 22 billion billion quatloos and thus make everybody equally rich with more than they could ever spend. However, if no one exerts themselves to labor, produce, transport or trade, civilization collapses. Because if the marketplace is bare, money is worthless. Prosperity is based on production, trade and enjoyment of surplus usable goods and services. A medium of exchange is merely a tool to pass equitable value to a future trade, when simple barter is insufficient. The money mad people think that “making money” is more important than producing goods and services, and self destruct, not realizing how mad they are. Think about it - when any productive process does more with less, so more can enjoy, that should be a “good thing.” But when it reduces the labor needed, then those who are now unemployed no longer can trade their labor for money tokens. Since predation is unacceptable, that leaves the sole option of public charity (socialism). That, too, is unsustainable over the long term, and eventually leads to collapse. The Fourth Way What other way can one get “money,” or any medium of exchange, beyond trading one’s own labor or property; charity, public or private; or predation? Create it yourself. If you believed that only government has the power to create money, you would be wrong. In America’s case, Congress can coin money (stamp bullion) and borrow money. If it could create money, why would it need to borrow it? Did you ever notice that a creditor requires you to sign a promissory note, denominated in monies, for the full value of the loan? Would it surprise you to realize that your note is a medium of exchange, an example of the power to create money? So how does “creating money” work? One issues a note, payable in the future, that essentially passes value to a future trade. The key is to not denominate the note in current monies (which are scarce and finite), but in real goods and / or services. That way the notes are not restricted by the arbitrary sum of current monies. And the notes are ephemeral, too. Upon tender, each note is extinguished. However, the issuer may re-issue that note, thus obligating himself to redeem it at a future date. (The more you want, the more you promise to work.) Any productive laborer can issue private promissory notes (like coupons) denominated in labor, general or in skills that he possesses, and trades those notes for what he wants. In turn, when a labor note is tendered on him, he discharges it by doing the labor. Private issuance of notes eliminates the need for public charity / socialism. Unemployed labor makes itself available for hire, via its promissory notes. A prospective employer doesn’t have to advertise - merely acquires outstanding notes of available labor, and puts them to work. Any productive business can issue notes denominated in that which the business produces or performs. A farmer could issue notes denominated in his harvest. A restaurant could issue notes denominated in meals. A barber could trade haircut notes. Any productive entity, laborer or business, can issue the medium of exchange needed to trade for what they produce or perform. Private issuance of notes allows a business to buy labor and materials without begging for credit from a usurer. And discharging notes with finished products that are more valuable than the raw materials, insures profit and prosperity for all concerned. And there’s no need to advertise when any holder of a note is automatically a customer. Without the dead weight of parasites like usurers and collectivists, the productive people can prodigiously produce, trade and enjoy that which they have earned. They no longer have to sell at wholesale and buy at retail, nor support the hordes of bureaucrats or be delayed by administrative red tape. The only limit on the issuance of notes is the capacity of the issuer to redeem them. Thus the marketplace of goods and services now has the means by which trade can proceed despite the lack of “official money tokens.” Best of all, the notes remain proportional with the marketplace. More goods and services is matched by an increase in notes with which to trade for them. Thus we build prosperity and find happiness. Now we can see that any discharge of employees due to automation only increases available labor that can be utilized in a myriad of ways. Without the restriction of scarce money, meeting the needs of a society is no longer hostage to the powers that control the value and volume of circulating medium. The fourth way of money creation by productive people obliterates the centuries long dominance by the masters of money. Power to the People. POWER To The RUPUBLICAN form of Government and POWER to Americans United Against Tyranny, and Power to Michael Hutton Ben Tierney Kathy Connin and all those who are fighting the Fight patiently, PURPOSELY, peaceful as a dove but wiser than the serpent. Let the Teap Party BE The John The Baptist to Christ. Let all decrease and come under AUAT as a standard unblemished as was Jesus Christ. Let not our hearts faint! Amen.
Posted on: Thu, 20 Mar 2014 14:25:49 +0000
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